Gold price hits $2,100 for record high — and analysts don't expect it to stop there
Publishing timestamp: 2023-12-04 12:28:19
Summary
The article discusses how spot gold prices reached a record high above $2100 per ounce before giving up some gains. It mentions that the prices of gold have risen for two consecutive months, driven by the Israel-Hamas conflict and expectations for interest rate cuts. Analysts predict that gold prices will remain above $2000 levels next year and could reach up to $2200 per ounce by the end of 2024. The article also mentions the potential impact of central bank purchases and a possible policy pivot by the Federal Reserve on gold prices.
Sentiment: MIXED
Keywords: central banking, jerome powell, gold / us dollar spot, business news, commodity markets, prices, gold comex (apr'23),